Optical Fiber Cable Market - Forecasts from 2023 to 2028

The global optical fiber cable market is projected to grow at a CAGR of 7.36% to reach US$12.785 billion by 2028, from US$7.777 billion in 2021.

GROWTH DRIVERS

GROWING ADOPTION BY IT AND THE TELECOM SECTOR

The need for a transmission medium capable of managing a greater bandwidth for such massive amounts of information has arisen due to the explosion in data traffic from various sources like the internet, e-commerce, and multimedia among others. The solution has been found to be fiber optic cables, which have virtually infinite bandwidth. Additionally, optical fiber is a crucial part of fixed and mobile internet networks. Increased fiber rollout speed is essential for high-speed, massive data backhaul that improves dependability and reduces latency. The telecommunications companies in the area are expanding their product lines by adding new spectrum deployments. For instance, in August 2022, Bharti Airtel estimates that the Department of Telecom (DoT) will receive Rs 8,312 crore for radio waves acquired in the most recent 5G auctions.

Fiber optic cables also facilitate support to technologies with high bandwidth level needs like 5G, Big Data, and IoT that are heavily reliant on real-time data collection and transfer because of factors such as security, scalability, and unlimited bandwidth potential for handling high amounts of backhaul traffic being generated. The deployment of 5G is anticipated to increase bandwidth and reduce latency directly to networks.

EMERGING OPPORTUNITIES IN THE GLOBAL OPTICAL FIBER CABLE MARKET

SINGLE MODE

The 5g optical fiber cable is segmented by mode into single mode and multi-mode. Single mode is expected to hold a major proportion during the anticipated period. A single-mode fiber optic cable only permits one mode of light to propagate due to its small diameter core. As a result, fewer light reflections are produced as the light travels through the core, which lowers attenuation and enables the signal to journey farther. This application is usually used by telcos, CATV providers, colleges, and universities in long-distance, higher bandwidth runs. The high CAGR of single-mode optic fiber cable can be witnessed due to its increasing demand for long-distance transmission.

400G

By transmission speed, the 5G optical fiber cable is divided into < 100G, 100G, 200G, and 400G. The 400G transmission speed is expected to have a higher CAGR as it offers greater efficiency

GEOGRAPHICAL PRESENCE

The global optical fiber cable market consists of some major countries that have been undertaking various measures to secure their 5G network across their respective nations. A few of the major countries include the USA, Japan, South Korea, Spain, China, Switzerland, and Germany. The countries have undertaken various measures, which have complemented the overall market growth. For instance,

• In May 2019, in Germany, With the goal to upgrade and extend its fiber-optic network, Deutsche Telekom revealed that it formed an alliance with Gigabit Region Stuttgart. To prepare for a 5G pilot launch, a deal was made to increase high-speed internet services and close gaps in the mobile network.
• In March 2023, The Optical Fiber Communications Conference and Exhibition (OFC 2023) occurred in San Diego, California, USA, from March 5 to March 9, 2023. The biggest international conference and exhibition for experts in networking and optical communications is designated as OFC. The program is extensive from research to the marketplace, from components to systems and networks, and to technical sessions to the exhibition.

MAJOR PLAYERS IN THE MARKET

Some of the leading players in the market include HFCL, Furukawa Electric, and STL among others These firms have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,

• In April 2022, In accordance with the prestigious BharatNet Project of the Indian government, HFCL declared the successful completion of the laying of optical fiber cable (OFC) in the state of Jharkhand. All of the 1,789 Gram Panchayats in Jharkhand now have broadband connectivity as a result of HFCL's completion of connectivity over the GPON network, which was spread out over 7,765 km.
• In March 2023, Furukawa Electric announced that it will exhibit new generation technologies at Optical Fiber Communication Conference and Exposition, 2023. Furthermore, Furukawa Electric and OFS Fitel, LLC, a member of Furukawa Electric Group, also announced their partnership to develop optical fiber-related products.

MARKET SEGMENTATION:

The global optical fiber cable market has been analyzed through the following segments:

By Mode

• Single Mode
• Multi-Mode

By Transmission Speed

• < 100G
• 100G
• 200G
• 400G

By Type

• Direct Attach Cable (DAC)
• Active Optical Cable (AOC)

By Geography

• Americas
• United States
• Others
• Europe, the Middle East, and Africa
• Germany
• UK
• France
• Others
• Asia Pacific
• China
• Japan
• South Korea
• Others